Federal Reserve System
Bernanke: happiness is relative
Federal Reserve Chairman Bernanke sets out his view on the economics of happiness and the Easterlin paradox
Europe gambles to save currency union
Markets surge as European Central Bank changes course and commits to buying government bonds, move comes as eurozone and IMF unveil trillion-dollar support package
Philly Fed's Plosser: Fed acted on contagion fear
Philadelphia Federal Reserve's Charles Plosser says swap lines were re-opened on concern over impact of eurozone debt crisis on US banks
Bernanke on the success of stress testing program
Federal Reserve chairman Ben Bernanke says stress testing helped return credibility to banking sector
'Audit the Fed’ clause weakened on independence fears
Senator who proposed full Fed audit drops demands to review discount window and open market operations, White House and Fed pressure seen as key
Fed’s Hoenig calls for counter-cyclical leverage ratio, slams Basel requirements
Hoenig calls for change in regulatory approach to bank lending by ditching Basel II approach in favour of ceiling on leverage
Fed’s Rosengren: full US recovery years away
Boston Federal Reserve president Eric Rosengren identifies several challenges towards economic recovery in the United States
Controversial ‘audit the Fed’ amendment stirs blogosphere
Independent senator proposes clause that gives government audit office extensive powers to review Fed’s decisions, support mounts among lawmakers and commentators
Philly Fed's number two to step down
Philadelphia Federal Reserve first vice president William Stone plans to step down towards the end of this year
Atlanta Fed: subprime bubble linked to numeracy
Atlanta Federal Reserve study shows people with limited numerical skills are more likely to default on their mortgage
Fed's Duke challenges the myths on women and money
Federal Reserve's Elizabeth Duke dismisses view that women are poor at holding the purse strings
Kansas Fed: high creditworthiness of poor in Bangladesh
Kansas Fed paper shows poor individuals more likely to make timely repayments to maintain relationship with bank.
Obama picks Yellen for Fed vice-chair
US President confirms speculation by nominating San Francisco Fed chief Janet Yellen as central bank’s deputy head, economist Peter Diamond and state regulator Sarah Raskin proposed for the board
Dallas Fed - Annual Report 2009
Dallas Fed report for 2009 looks at causes of financial crisis and outlines shape of new policy
US senators finally agree to reform debate
Having blocked discussions from Monday to Wednesday, Republican senators agree to let disputed regulatory reform bill be debated
Rate round-up: Brazil hikes, most hold, Russia cuts
Brazil raises policy rate to 9.5%, Russia cuts to 8.25%; United States, Poland and New Zealand hold
Republicans propose end to Fed's quasi-fiscal activity
Senate Republicans leak alternative regulatory proposals calling for an end to Fed’s involvement in shoring up broad sectors, central bank cannot lend to firms with solvency problems under plans
Fed advice cited in Senate vote against reform bill
Regulatory reform bill falls short of votes required for debate, Republican senator cites message from Fed staff criticising last-minute derivatives provisions
Plosser slams Senate proposals on Fed reforms
Philly Fed president Charles Plosser criticises recent Senate bill for politicising Fed appointments
Fed profits leap by 50%
Federal Reserve's profits shoot to $53.4 billion allowing record transfer of $47.4 billion to US Treasury; value of Maiden Lane vehicles climbs $5.6 billion after 2008 loss
US authorities reveal new souped-up $100 note
Tilt security features for first time; Benjamin Franklin still the face of hoarders' favourite
Sovereign default the greatest threat: IMF
Sovereign default risk has soared and is the biggest threat to near-term stability, some segments of banking systems also present dangers
The forces of darkness overwhelm bank reform
Banks’ lobbying and politicians’ arguments against the Dodd regulatory reform bill are lamentable, Robert Pringle writes
Canada scraps commitment to hold rates; signals hike
Bank of Canada drops conditional commitment to hold overnight rate at 0.25%; pledge one of a number made by central banks to soothe markets’ nerves